IOS 5 will enable you to use this feature. Has anyone used it and does it work well? Here is the details:

Description

Find My Friends allows you to easily locate your friends and family from your iPhone, iPad, or iPod touch. Install this free app on your iOS 5 device and sign in with the Apple ID you use with iCloud. Adding a friend is easy – just send a request to see their location. Once your friend accepts using the Find My Friends app, you will then be able to see that friend’s location on a list or on a map.

You can also choose to share your location for a limited period of time with a group of friends.

Use Find My Friends to keep track of your traveling companions when you’re on vacation. Or to see if the kids are home from school. Or to find the friends you’re meeting for dinner.

This is a little invasive to ones privacy. It might be good to track children but I personally wouldn't want my ever move mapped for my friends to see. I don't think my friends woul be too keen on the idea either

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